While casino gaming was only possible in brick-and-mortar setups like Bellagio in Las Vegas and Resorts World Genting in Malaysia in the past, the arrival of the internet has made it possible to access online casino games wherever we are and whenever we want. These days, as long as you can go online, there is a whole host of casino online games from Malaysia and around the world readily available to keep you entertained.
The Early Beginnings
Internet gambling was first launched out of Antigua and Barbuda in 1994 when the Free Trade & Processing Act was passed to allow licenses to be awarded to organisations that were interested to set up casinos online. It is right around the same time when Microgaming, a leading gambling software provider, developed a safe and secure online gambling software that was good enough for online casino use. To this day, Microgaming remains the most reliable software supplier for online casino games.
Even though the technology in the ‘90s was not as advanced as today’s found in online casinos in Malaysia, the virtual gambling industry grew rapidly from 15 online gambling sites to 200 by 1997. The swift progression of online casinos eventually led to the development of online sports betting in 1996 by InterTops to offer a new gambling option to the rising number of online players.
Reportedly, by 1998, online gambling revenues had exceeded US$830 million and the number of players continued to grow worldwide to a whopping eight million in 2001 despite legal bans on online gambling in many countries.
The Evolution of Online Casino Games
To satisfy the insatiable appetite of the growing number of online players, the first online poker site was launched in 1998 by Planet Poker. However, new sites such as Paradise Poker, partypoker, and PokerStars quickly followed suit and overtook Planet Poker as it suffered from a constant stream of technical glitches. Paradise Poker eventually emerged as the biggest poker site in the market, hosting thousands of players on its platform on a daily basis.
Then in 1999, another breakthrough in the online gambling industry took place –multiplayer online gambling was introduced. Much like how games are played on today’s Malaysia online casino, the interactive gaming option enables popular games like blackjack to be played between players via an online platform. This technological advancement was such a revolutionary phenomenon that it led to the current trend of massively multiplayer online role-playing games (MMORPGs), a video game that combines aspects of a role-playing video game and a massively multiplayer online game.
The Future of Online Gambling
Today, online gambling has become one of the most popular and lucrative online businesses. The ongoing COVID-19 pandemic has also fuelled the upward trend in the global online gambling scene and online casino games in Malaysia since most people are homebound and resort to online activities to pass time. The online gambling market is expected to grow from US$64.13 billion in 2020 to $72.02 billion in 2021. There is even a healthy forecast for total revenue to reach US$112.09 billion by 2025!
The limitless potential of online gambling is backed by the ever-advancing technology that is allowing players to have more sophisticated experiences and uninterrupted access. From traditional online gambling, the technology was rapidly augmented to support mobile gambling demand for more than 164 million mobile players.
It is not surprising that the gambling industry has also shown tremendous interest in adopting Virtual Reality (VR) and Augmented Reality (AR) to deliver an entirely new experience to players. Who knows, very soon it could be a norm in Malaysia online casinos!
Adding to the technology list is blockchain technology which has also made its way into the online gambling industry. Blockchain has proven to be one of the safest methods for online transactions and allows players to remain anonymous. In fact, many gambling sites and online casinos in Malaysia now support Bitcoin and other cryptocurrency payments.
For more gaming guides and reliable reviews on online casinos in Malaysia, please visit GamingSafe.